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Dallas-area ranked 11th in U.S. in home foreclosures in 2012

Home foreclosure rates in the Dallas area and Texas in December were only about a third the rate as the entire country, researchers at CoreLogic Inc. said Friday.

In December 1.1 percent of Dallas-area homes with loans were in foreclosure, compared with 1 percent in Texas and 2.9 percent nationwide.

CoreLogic estimates that in 2012 there were 11,273 home foreclosures in the Dallas area, 56,763 in Texas and 767,446 foreclosures nationwide.

The Dallas-area ranked 11th nationally last year in total home foreclosures, according to CoreLogic.

Home foreclosure filings in North Texas in 2012 were at the lowest level in more than three years.

“The most encouraging foreclosure trend reported here is that the inventory of foreclosed properties is almost 20 percent smaller than a year ago,” Mark Fleming, chief economist for CoreLogic, said in the report. “This big improvement indicates we are working toward resolving the backlog of the most distressed assets in the shadow inventory.”

Nationwide foreclosure inventory was down almost 20 percent in 2012 from 2011.

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